USAILMelrose Park1914 N 18Th Ave
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$559,000

Sold

7 months ago

1914 N 18 Th Ave, Melrose Park, IL

MLS® 12429437

7 Bed

5 Bath

--

5 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $13,450
Lot Size 
Approx. Age 1970
MLS® Number 12429437

Property Address: 1914 N 18th Ave, Melrose Park, IL, 60160-1221

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to a lucrative investment opportunity nestled in the heart of Melrose Park, where prime real estate meets exceptional potential. A well-maintained 4-unit brick building comprised of 3 beautifully renovated 2-bedroom apartments and one 1-bedroom apartment. Onsite is A large laundry room with coin operated washer and dryer and additional storage for each apartment. Other features of this impressive property include a sump pump, newer roof and gutters (2017), new appliances (2025), new light fixtures (2025), new flooring (2025), new fire-resistant doors, newer water heater, 5 parking spots, as well as a Shed and a picnic area on the premises for the tenants to enjoy. 2 out of the 4 units are currently occupied, while the other 2 are vacant and newly remodeled and offer great potential to either rent at market value or to occupy one of the specious units. This property offers investors a rare opportunity for substantial returns on their investment in today's flourishing market. With all units rented at the market rate the capitalization rate is at an astonishing 10 percent. This investment gem sits within close proximity to shopping centers, central highways, schools, public parks, and public transportation. Its strategic location not only enhances its desirability for tenants and investors alike but also presents long-term appreciation in property value. Whether you're looking to be a homeowner getting additional income, an experienced investor seeking to diversify your portfolio or a newcomer looking to capitalize on the real estate market's potential, look no further because this opportunity combined with a very strong rental market demand grants both immediate return on investment and long-term growth. One of the owners is a licensed real estate agent.
MLS® Number12429437
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1970
BasementNone
DrivewayOn Site
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Jul 30, 2025End Date
$580,000Sold Price

Sold

Jul 25, 2025List Date
$559,000List Price
  • Commute

Commute

Starting Address
Destination Address
1914 N 18 Th Ave, Melrose Park, IL

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